International Assets Investment Management LLC grew its holdings in shares of OFS Capital Co. (NASDAQ:OFS - Free Report) by 783.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,180,017 shares of the investment management company's stock after purchasing an additional 1,046,440 shares during the period. International Assets Investment Management LLC owned about 8.81% of OFS Capital worth $9,971,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of OFS Capital by 6.2% during the 1st quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company's stock worth $2,856,000 after purchasing an additional 16,748 shares in the last quarter. Arkadios Wealth Advisors lifted its position in OFS Capital by 80.6% during the second quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company's stock worth $678,000 after purchasing an additional 34,083 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in OFS Capital during the second quarter worth about $114,000. 10.81% of the stock is owned by institutional investors.
OFS Capital Price Performance
OFS stock traded down $0.05 during mid-day trading on Thursday, hitting $8.10. The stock had a trading volume of 20,954 shares, compared to its average volume of 51,983. The firm has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $8.83. The firm has a market capitalization of $108.52 million, a P/E ratio of -115.71 and a beta of 1.78. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.45. OFS Capital Co. has a 52 week low of $7.75 and a 52 week high of $12.41.
OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. The firm had revenue of $11.17 million during the quarter, compared to the consensus estimate of $11.78 million. During the same period last year, the business earned $0.38 earnings per share. As a group, research analysts forecast that OFS Capital Co. will post 1.17 EPS for the current year.
OFS Capital Profile
(
Free Report)
OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.
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